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Feb 4, 2013
02/13
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are those the right funds to be in in this environment? >> well, when you think about van if guard's target date funds, for example, our oldest fund down here, wellington fund, it maintains roughly a 65% equity ratio and that would be kind of middle of the road balanced funds position, and part of that is, because we're selling a balanced fund. an interesting part of the mutual fund business is you have to rebalance, because if you let that 65% go to say 80% you won't have the balanced fund you're offering the public. so the market is sort of discipline. i hate to talk about that because i don't like marketing in this business very much. but that's a strategy. but i don't think it's a strategy all investors need to follow. >> jack, when you're looking in the market and thinking ahead six, nine months are you willing to look beyond the risk of the payroll taxes going to hit all those consumer facing businesses, and are you talking sort of the broader perspective that actually the economy really is healing properly now or does it make you ne
are those the right funds to be in in this environment? >> well, when you think about van if guard's target date funds, for example, our oldest fund down here, wellington fund, it maintains roughly a 65% equity ratio and that would be kind of middle of the road balanced funds position, and part of that is, because we're selling a balanced fund. an interesting part of the mutual fund business is you have to rebalance, because if you let that 65% go to say 80% you won't have the balanced...
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Feb 8, 2013
02/13
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higher interest, whether or not stocks go up in that environment. back re going to send you now to a place where the weather should be much better. us want to be there i think. mr. kernen. >> oh, thanks, andrew. coming up our newsmaker of the hour, famed corporate leader carol bartz is going to speak out on yahoo! apple and much more. plus the northeast bracing for a major winter storm. 2600 flights already grounded. forecasters warning that this storm could be among the worst ever. although it is winter. a live report from laguardia when we return. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. >>> welcome back to "squawk" this friday. take a look at how the futures are setting up ahead of the market. dow looks like it would open up about 4, nasdaq up about 2, and the s&p up about a point. also in the headlines, the northeast bracing for a winter storm called nemo. and it looks like a bad one. 2600 flights alrea
higher interest, whether or not stocks go up in that environment. back re going to send you now to a place where the weather should be much better. us want to be there i think. mr. kernen. >> oh, thanks, andrew. coming up our newsmaker of the hour, famed corporate leader carol bartz is going to speak out on yahoo! apple and much more. plus the northeast bracing for a major winter storm. 2600 flights already grounded. forecasters warning that this storm could be among the worst ever....
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Feb 12, 2013
02/13
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we need to create an environment in which business can expand. we can create jobs and we can be competitive globally. and, in fact, frankly, we're growing our economy. now last month, or last quarter, as you know, gdp went down for the first time in a very long time. why? because of instability in dealing with our fiscal challenges. and we have to get over that. the president's going to talk about that and talk about job growth, as it relates to his inaugural address my view is this is a person very, very hotly contested election, received only the second president or the first president -- the first president since lyndon johnson, actually franklin roosevelt, to get a majority of the votes in two elections running. no democratic president before him has done that since roosevelt. so majority of the people that voted for house members voted for democrats. although we didn't take back the house. we expanded our majority in the that. that doesn't mean that we just ought to do it our way. the republicans control the house. we need to have a compromi
we need to create an environment in which business can expand. we can create jobs and we can be competitive globally. and, in fact, frankly, we're growing our economy. now last month, or last quarter, as you know, gdp went down for the first time in a very long time. why? because of instability in dealing with our fiscal challenges. and we have to get over that. the president's going to talk about that and talk about job growth, as it relates to his inaugural address my view is this is a person...
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Feb 6, 2013
02/13
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that's a favorite with the environment for sustained economic growth. and a relatively favorable stock market. and that's the broader thing -- >> if we have a conversation about companies and earnings, is that an on, stri -- o strich conversation? are we ignoring big hammers coming down? or are we to the point where we should be having these conversations? >> they've normalized in the sense that all the central bank exertions, that's the context, okay. we now all agree that's the context. it's, you know, the -- the japanese are now a very forgiving margin clerk to the world, okay. they're giving the world all this money. now -- yes, it's been a very good, healthy rotational stock market. and when you have that as just context and not a matter of suspense, what's the fed going do? we know what's going to happen. it's there in the background. i do think it's positive that we're talking about companies, trajectories, what's a fair price to pay for a given company in the business cycle. i agree. michelle, i agree that people are kind of eager to say tactica
that's a favorite with the environment for sustained economic growth. and a relatively favorable stock market. and that's the broader thing -- >> if we have a conversation about companies and earnings, is that an on, stri -- o strich conversation? are we ignoring big hammers coming down? or are we to the point where we should be having these conversations? >> they've normalized in the sense that all the central bank exertions, that's the context, okay. we now all agree that's the...
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Feb 5, 2013
02/13
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i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the president thus far has been that he's not demonstrated a commitment to try to do something about the out-of-control spending. and we know it's all connected to the entitlement growth in this country, and it seems as if he's not willing to tackle that. we remain committed to working with him, and i hope that he can lead. you know, listen, i know that our international allies are looking for america to get its fiscal house in order so that they can see a better day in their country. we've got folks here at home that we want to help. and that's why we're taking the positions that we do. and today, i want to talk about how we can help folks see a better path to a bretter future and that's through innovative and solid proposals to improve prospe
i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the president thus far has been that he's not demonstrated a commitment to try to do something about the out-of-control spending. and we know it's all connected to...
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Feb 11, 2013
02/13
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and joe, listen, you have to adapt it to the particular work environment you're in. but even a week, would be tremendous -- >> okay. >> if, joe, you're good at recovering during that week. >> all right. >> so it's not how long you recover. just as it's not how long you work. it's how well you recover just as it's how well you work. so when you're vacationing, you need to go on vacation. >> going and playing really bad golf in front of a lot of people laughing at you for eight hours, that's not really a vacation? >> well, it's golf. >> right. a good walk spoiled. >> a bad day at vacation is better than a good day at work. >> the worst -- oh, no, i can't tell you that. >> i got you guys going now. >> you did. you did. coming up, a final market prediction from rebecca patterson. we'd be remiss if we didn't talk about that yen? it's going to 100? >> yes. >> belowing away the s&p. >> before we let her leave for her day job she's getting a break being on the show today. plus a programming note. don't miss cnbc's coverage of the state of the union tomorrow. i know michelle
and joe, listen, you have to adapt it to the particular work environment you're in. but even a week, would be tremendous -- >> okay. >> if, joe, you're good at recovering during that week. >> all right. >> so it's not how long you recover. just as it's not how long you work. it's how well you recover just as it's how well you work. so when you're vacationing, you need to go on vacation. >> going and playing really bad golf in front of a lot of people laughing at...
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Feb 7, 2013
02/13
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in today's environment, there's a tremendous demand for high-quality, cash flow incomes for individuals, for institutions, for pensions, for insurance companies. so we think that if they distributed preferred stock with say a 4% yield there would be enormous demand. share holders that want that stable income could keep it and shareholders that want to own apple for the upside within the operations would continue to simply own the common and they would get a -- be able to take a lot of money off the table by selling the preferred to institutions that want it. >> you are long apple, right? is this all you think they need to do to get this stock moving again. this is a stock that has had quite a fall since its peak back in september? >> very simply put, we think for every 50 billion of prefer they had issue, it would unlock about $32 a share in apple. if apple used about half of their earnings toward this program, we think they would be able to issue approximately $500 billion, which would unlock about $320 per share and that assumes that the pe multiple doesn't expand. >> david, just to n
in today's environment, there's a tremendous demand for high-quality, cash flow incomes for individuals, for institutions, for pensions, for insurance companies. so we think that if they distributed preferred stock with say a 4% yield there would be enormous demand. share holders that want that stable income could keep it and shareholders that want to own apple for the upside within the operations would continue to simply own the common and they would get a -- be able to take a lot of money off...